Short Opportunity in Vipshop

Short Opportunity in Vipshop

Anne Stevenson-Yang, Research Director at J Capital Research, has a true insider’s perspective of China and in this trade idea, she outlines a short opportunity for investors in the online retail sector.

On the technical side. The daily chart looks to be breaking out to the bottom of a wedge that has been forming since 7/19, if it can hold below 11.66 until the close it may ignite a move back to 10. My stop will be close to 12

Question is, is J Capital putting on fresh shorts at the current $12 price?
I'm no chartist, but looking at the Weekly chart with Stochastics, since January 2016 there has been 4 times that VIPS has been oversold down to 20 on Stoch. Each time it has rallied back up to around $15.
Happy to join your short Anne, but I'll just wait to see if it picks back up to the $14.50 area.
I'm grateful for the trade idea, so thank you very much.

(This is the 4th time down to Stoch 20. I should've said 3 times before it has rallied up to around $15).
Also, Higher High already established since last weekly high 23 June. So looks like a small rally is coming.